Greater university coverage and quality in Argentina with CAF’s support
CAF announced the approval of USD 100 million for the University Infrastructure II Program - Phase B, in Argentina, seeking to expand coverage and support the improvement of quality in the country's university system.
More than 800 thousand students in Argentina will benefit from the approval of USD 100 million in favor of the University Infrastructure II Program - Phase B, announced today by CAF, Development Bank of Latin America,
Projects aimed at educational subjects are a priority in CAF's agenda, as expressed by its Executive President Enrique Garcia "in Latin America it is necessary to allocate resources to education, as it is the connection between social inclusion, economic growth, and structural improvements in productivity".
Enrique Garcia added that "with this financing, we support the Argentinean society in the development of infrastructure works advanced by the government, national universities in all the provinces of the country in order to expand coverage and improve quality, and generate specialized human capital to strengthen the national Technological Poles".
Technological Poles are conglomerates of companies that share a common area in sectors such as wine, oil, or information and communications technologies, which require specialized professionals to improve their productivity. Investment in university infrastructure are aimed at providing those human resources.
The projects financed by the program include 74 works in 44 national universities and university institutes, to benefit close to 800,000 students. It is estimated that at least 30 percent of these students come from the two lowest income quintiles of the population. Teachers, researchers, and workers in the different faculties will also benefit directly by having better conditions to perform their jobs.
The neighboring populations and communities will also benefit from the common spaces such as libraries, dining areas, parks, and university hospitals that will be included in these investments.
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